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Property profile & analytics
OFF-MARKET
Estimated value
$22,980,000
Grocery and convenience stores
234 Emory Rd Powell, TN 37849-4015
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-2956738
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2016
Construction
LIGHT FRAME
Total area
122,198 SF
Lot
12.92 ac (562,795 SF)
APN
057 00703
UPID
US80-2956738
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cynthia Simmons Physician
-
The Little Clinic Medical Clinic
-
Murray's Cheese Bakery Specialty Food Shop
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.07M
Blend (final)
Blend
$22.98M
Owner & transaction history
Se Emory Road LLC · 8 yrs held
Se Emory Road LLC
since 2017
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$38.1M
+133.0%
Medical building
$25.1M
+53.3%
Neighborhood: shopping center
$22.5M
+37.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Powell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Powell submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$16,360,000
Current use
APARTMENT HOUSE (5+ UNITS)
$38,125,000
Change: +133% · Conversion: Difficult
MEDICAL BUILDING
$25,075,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$22,490,000
Change: +37% · Conversion: Moderate
AUTO REPAIR, GARAGE
$20,040,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$22.98M
Range $20.68M – $25.28M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$188 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$171,615
Tax year 2023
Assessed value
$7,961,360
Assessed 2023
Previous assessed
$7,961,360
+0.0% YoY
Effective rate
2.16%
On assessed value
Land market value
$3,125,600
Improvement market value
$16,777,800
Total market value
$19,903,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2016
Construction
LIGHT FRAME
Heating
YES
Stories
1
Units
1
Total area
122,198 SF
Lot
12.92 ac (562,795 SF)
APN
057 00703
UPID
US80-2956738
Jurisdiction
KNOX
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$16.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$38.1M
MEDICAL BUILDING
Est. value
$25.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.5M
AUTO REPAIR, GARAGE
Est. value
$20.0M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
LIGHT FRAME
Heating
YES
Stories
1
Units
1
Lot
12.92 ac
Current owner
From public records · entity-resolved
Se Emory Road LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1014 VINE ST, CINCINNATI, OH 45202-1141
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2020
—
Blacktide Emory Road LLC
—
Deed Of Trust
related
$3,050,000 · Emerald Crk Cap 3 LLC
Oct 26, 2017
—
Se Emory Road LLC
Ramp G Partners LLC
Grant Deed
related
—
Aug 14, 2017
—
Se Emory LLC
Ramp G Partners LLC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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